Agreement Quote by Arancha Gonzalez
“Fully implementing the WTO trade facilitation agreement is one ingredient to reduce border delays and costs for traded merchandise.”
About This Quote
Source Treat: WTO Trade Facilitation Agreement (TFA) implementation report, 2020
Implementing the WTO TFA reduces customs delays and lowers costs for international trade.
In simple terms: Implement TFA cuts trade delays and costs.
Key Takeaway
Adopt and enforce TFA measures.
Themes
trade
efficiency
globalization
Mood
optimistic
pragmatic
Type
policy
economic
When to use this quote
- import/export businesses
- logistics firms
- government agencies
- small manufacturers
Key Concepts
customs procedures
cost reduction
border facilitation
Questions to Reflect On
- How can developing countries build capacity for TFA?
- What incentives encourage compliance?
A Different Perspective
Success depends on domestic capacity and political will.
